Internet Patents Corporation (PTNT), formerly InsWeb (INSW), announces a special cash distribution of $5.00 per common share, for a total distribution payment of $33m based on approximately 6m outstanding shares. Shares +12.6% AH.

|Jan. 10, 2012, 6:59 PM

Oct. 10, 2011, 7:06 PM

In a move that will transform it into a patent holding firm, InsWeb (INSW) agrees to sell substantially all of its remaining assets to its online peer Bankrate (RATE) for $65M in cash. The company will retain its patent portfolio, which it will license to Bankrate on a perpetual, royalty-free and non-exclusive basis.